Sharon McCollam to join Best Buy

As the Chief Administrative and Chief Financial Officer, McCollam will influence and shape all aspects of Best Buy‘s operations and transformation strategy. In addition to her proven financial leadership, McCollam also brings broad retail and multi-channel operational expertise that will be highly relevant to Best Buy‘s transformation. She will assume a number of responsibilities including all aspects of global finance, strategic planning and corporate development, shared services and oversight of Best Buy‘s real estate portfolio.

As Chief Financial Officer, she succeeds James Muehlbauer, whose departure was announced last month. Muehlbauer will leave the company at the end of this fiscal year, allowing for a smooth transition.

Throughout her time at Williams-Sonoma, McCollam played an influential, cross-functional role and was broadly recognized for her efforts in transforming the company‘s financial and operating disciplines and ensuring its strategic initiatives were in line with shareholder interests. During her tenure, the company grew to be regarded by the financial markets as a role model in execution, due largely to the consistent delivery of sustainable operating improvements and strong financial results.

McCollam played a key role in giuding the company through both high-growth and recessionary times and, along with the Williams-Sonoma leadership team, was credited with building one of the strongest and most profitable home furnishings retailers in the world.

“Anyone who has spent time working to turn a company around knows that few things matter more than having a world-class CFO who also has deep operational experience. Sharon is just that person,” said Hubert Joly, President and Chief Executive Officer of Best Buy. “Her in-depth understanding of retail and e-commerce makes her an instantly powerful contributor to our transformation initiatives.”

McCollam currently serves on a number of boards, including Art.com (the world‘s largest online specialty retailer of high-quality wall art), Privalia Venta Directa, S.A (a European online retailer of apparel and accessories) and Sutter Health, a non-profit network of hospitals and doctors in northern California.